MTUC wants EPF to declare higher dividend

PETALING JAYA: The Malaysian Trades Union Congress (MTUC) on Sunday called on the Employees Provident Fund (EPF) to declare a higher dividend this year, saying the EPF had obtained increased income from its investments.
MTUC vice-president A. Balasubramaniam said that in the last 10 years, the highest dividend paid was six percent, in the year 2000.
In the other years, it was between 4.25 and 5.8 percent, he said, adding that last year it was 4.5 percent.
Balasubramaniam said the EPF had announced an income of RM5.5bil in the third quarter of last year compared to RM3.6bil in the similar quarter of 2008.
"As a result of this increased income, we expect the EPF to pay a higher dividend," he told Bernama.
The EPF has 12 million members, of whom 5.1 million are active contributors. - Bernama

tunku : it make sense and we demand EPF to declare higher dividend to the contributors.majority of the contributors are depending on their savings with EPF as their retirement fund.they should give the best dividend to the contributors.it should not go below 5.5% unless EPF make losses.